 |
| The Fed was founded in response to recurring banking problems, but the Fed’s mission has now expanded into fostering a healthy economy. By focusing on price stability, the Fed can create an environment in which the economy can grow at a sustainable rate. |
| Inflation is the worst enemy of a stable economy |
100 quintillion pengö, Hungary, 1946 |
10 million pengö, Hungary, 1945 |
2,000 yuan, China, 1942 |
One million yuan, China, 1949 |
1,000 won, Korea |
50,000 marks, Poland, 1922 |
100,000 rubles, Russia, 1921 |
100,000 drachmas, Greece, 1944 |
Five million drachmas, Greece, 1944 |
One shilling, Austria, 1924 |
Three million marks, Germany, October 11, 1922 |
1,000 rubles, Russia, 1919 |
10,000 kronen, Austria, November 2, 1918 |
Five groszy, Poland, 1924 |
|
| |
|
|
